Restaurant Brands International (QSR) : 2 brokerage houses believe that Restaurant Brands International (QSR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Restaurant Brands International (QSR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.44.
Restaurant Brands International (QSR) : The most positive equity analysts on Restaurant Brands International (QSR) expects the shares to touch $52, whereas, the least positive believes that the stock will trade at $41 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $47.84 with an expected fluctuation of $4.13 from the mean.
Also, Equity analysts at the Brokerage firm OTR Global upgrades its rating on Restaurant Brands International (NYSE:QSR). The rating major has initiated the coverage with positive rating on the shares. Earlier, the shares were rated a Mixed by the brokerage firm. The rating by the firm was issued on July 18, 2016.
Restaurant Brands International (NYSE:QSR): After opening at $44.44, the stock dipped to an intraday low of $44.4 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $45.21 and the buying power remained strong till the end. The stock closed at $44.94 for the day, a gain of 0.33% for the day session. The total traded volume was 521,702. The stocks close on the previous trading day was $44.79.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide, Inc. The Company operates more than 18,000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons menu includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. As of September 28, 2014, Tim Hortons had 4,590 system wide restaurants, including 3,665 in Canada, 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14,000 locations serving more than 11 million guests daily in 100 countries and territories globally.